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India’s beauty market to hit $40B by 2030, led by young consumers, digital growth, and new brands.
India’s beauty and personal care market is projected to reach $40 billion by 2030, becoming the world’s fourth-largest, driven by Gen Z and Gen Alpha consumers, rising incomes, and digital adoption.
E-commerce will account for over one-third of sales, with quick commerce emerging as the dominant online format.
Five digital channels—direct-to-consumer, marketplaces, vertical platforms, quick commerce, and value commerce—each expected to capture at least 10% of online demand, pushing brands to adopt multi-format strategies.
Over 150 new-age brands are forecast to reach ₹100 crore in annual revenue, collectively capturing about 25% of market share, as demand shifts toward transparency, personalization, and convenience.
El mercado de la belleza de la India alcanzará los 40 mil millones de dólares para el año 2030, liderado por los consumidores jóvenes, el crecimiento digital y las nuevas marcas.